Takeovers Panel

Symbion Health Limited - Panel Application Withdrawn

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The Takeovers Panel advises that it has consented to Primary Healthcare Limited's (Primary) request to withdraw an application to the Panel dated 17 January 2008 in relation to the affairs of Symbion Health Limited (Symbion).

Financial Resources Limited

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These are the Panel’s reasons for declining to commence proceedings in response to an application by Panga Pty Ltd in relation to the affairs of Financial Resources Limited and a proposed shareholder meeting to consider a restructure and recapitalisation proposal that would, if approved, result in Questus Capital Group Pty Ltd increasing its voting power in Financial Resources to 48.8%.

Financial Resources Limited - Panel Publishes Reasons

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The Takeovers Panel has today published the reasons for its decision on an application dated 2 November 2007 from Panga Pty Ltd, in relation to the affairs of Financial Resources Limited.

Takeovers Panel Publishes Revised Guidance Notes

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Guidance Note 8 (Matters Procedures);
Guidance Note 16 (Correction of Takeover Documents);
Guidance Note 17 (Rights Issues);
Guidance Note 19 (Insider Participation in Control Transactions)

The Takeovers Panel announced today that it has published revised versions of its Guidance Notes 8, 16, 17 and 19.

Midwest Corporation Limited - Panel Decision

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The Panel advises that it has decided not to make a declaration of unacceptable circumstances in response to an application dated 8 November 2007 from Midwest Corporation Limited. The application concerned the unconditional scrip takeover offer for all of the Applicant's shares by MMX Investments Pty Ltd, a wholly owned subsidiary of Murchison Metals Limited (together Murchison).

Attorney-General (Commonwealth) vs. Alinta Ltd: High Court Appeal Allowed

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The Takeovers Panel notes the decision of the High Court of Australia delivered today, which upheld the validity of s 657A(2)(b) of the Corporations Act 2001 (as it was)1.The Panel also notes that reasons for the decision will be delivered later.

Golden West Resources Limited 01

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Regarding Golden West Resources Limited 01 - The Panel, Irene Lee, Andrew Lumsden (President) and Chris Photakis, declined to commence proceedings.

Golden West Resources Limited 01 - Panel Publishes Reasons

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The Takeovers Panel today published the reasons for its decision on an application dated 30 October 2007 from Golden West Resources Limited, in relation to the affairs of Golden West Resources Limited.

Takeovers Panel Director - Appointment of Mr Allan Bulman

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The Panel is pleased to announce that it has appointed Mr Allan Bulman as Director to replace Mr Nigel Morris, following Nigel's resignation (see TP07/62).

GoldLink Growthplus Limited

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These are the Panel's reasons for declining to commence proceedings on an application dated 14 October 2007 from Gulf Resources Limited regarding the affairs of GoldLink GrowthPlus Limited.

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